Problem 21-17 Translation Exposure [LO3]

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 23,000 solaris, debt in the amount of 12,000 solaris, and equity of 11,000 solaris. Assume the equity increases by 1,400 solaris due to retained earnings.

What will the balance sheet look like in Arrakeen solaris?

Balance sheet
Assets	$	Debt	$
		Equity
Total assets	$	Total liabilities and equity	$

If the exchange rate at the end of the year is 1.49 solaris per dollar, what does the balance sheet look like? (Round your answers to 2 decimal places, e.g., 32.16.)

Balance sheet
Assets	$	Debt	$
		Equity
Total assets	$	Total liabilities and equity	$

References

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